Shanghai is located on the western coast of the Pacific Ocean and at the central section of the north-south coastline of China. Facing the opportunities and challenges of the 21st century, Shanghai has set its long-term strategic objectives for social and economic development. By 2010, Shanghai is planned to become one of the international economic, financial and trade centers of the world.
Setting up a company in Shanghai is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products, electromechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology are also on the rise in Shanghai.
Consulting Company
The Shanghai market is vast and is still in expansion. For that reason many companies rely on IT consulting firms to help them efficiently operate in the Chinese market.
Food & Beverage
The Food and Beverage (F&B) industry is growing rapidly in Shanghai. During the past decade the industry has grown at a rate of 30%. As a result of the increasing demand for new products and services, foreign entrepreneurs fell encouraged to enter the Shanghai market.
Trading Import & Export
China is the world’s Factory and Import and Export is one the largest markets. Import goods to China to sell directly in the Chinese Market or Export products Worldwide. Corporation China will establish a trading company with a Import Export License in 30 working days.
Manufacturing Factory
When manufacturing in China, the VAT system is equally applied to foreign and local companies working in the territory. Upon exporting, goods and services undergo the classification of being zero-rated. Therefore VAT become entitled for refund, saving huge amounts of capital.
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